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Affordable
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These days, finding an affordable place to live in the Panacea area can be challenging. Home prices in Panacea are now at a median cost of $306,500, lower than the Florida average of $396,783.
The average cost of rent is $1,086/mo in Panacea, primarily driven by the current value of real estate in the Panacea area. In Panacea, 27.23% of households rent, and 80.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Panacea is $5,698 per month. Households that rent pay about 19.06% of their income on rent here. Panacea’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Panacea Park, FL: less expensive homes
- Medart, FL: less expensive homes
- Sopchoppy, FL: equally priced homes
- Curtis Mill, FL: less expensive homes
- Lanark Village, FL: higher priced homes
- Carrabelle, FL: less expensive homes
- Carrabelle Beach, FL: less expensive homes
- Bay City, FL: less expensive homes
- Hampton Springs, FL: less expensive homes
- White City, FL: less expensive homes
Cities with Similar Populations
- Aberdeen Proving Ground, MD: higher priced homes
- Sonora, OH: less expensive homes
- Soldiers Grove, WI: less expensive homes
- North Springfield, VT: less expensive homes
- Nevada, OH: less expensive homes
- Millfield, OH: less expensive homes
- Milam, TX: less expensive homes
- Lusk, WY: less expensive homes
- Lomo, CA: higher priced homes
- Livona, ND: higher priced homes
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